SunSirs: The latest price of 32S cotton yarn in Shandong is bearish in the future
http://www.chemnet.com Jun 09,2022 SunSirs
Key points of analysis: the domestic cotton yarn spot market continues to be weak, and the goods of rotor spinning and low count yarn are relatively good. Recently, the cotton market continues to decline, and the profit of yarn enterprises has improved. The finished product inventory of downstream textile enterprises continues to rise, and the confidence of enterprises is weak. The downstream all cotton grey cloth market transaction remained light, the textile factory purchasing intention further slowed down, and the wait-and-see mood was strong.
Future forecast: in the off-season of the textile industry, it is expected that the short-term cotton yarn market will remain weak.